Ekuinas buys majority stake in Malaysian tanker company
Ekuinas, the Malaysian government-backed private equity investor, has agreed to acquire up to 95.5% of Orkim, one of the country’s largest clean petroleum product (CPP) tanker companies, for MYR346.3 million ($109 million).
It one of two direct investments Ekuinas has made so far this year. The other is the purchase of a 60% stake in desserts and beverages maker CoolBlog for MYR50.8 million. Alongside commitments made through...
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